U.S. Bancorp (NYSE:USB) Receives Average Recommendation of “Hold” from Brokerages

U.S. Bancorp (NYSE:USB – Get Rating) has earned an average recommendation of “Hold” from the twenty analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $53.65.

A number of research analysts have issued reports on USB shares. Wedbush reiterated a “neutral” rating and issued a $47.00 target price on shares of U.S. Bancorp in a research report on Wednesday, September 28th. DA Davidson started coverage on U.S. Bancorp in a research report on Tuesday, December 20th. They issued a “neutral” rating and a $47.00 target price on the stock. Keefe, Bruyette & Woods upgraded U.S. Bancorp from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $52.00 to $58.00 in a research report on Monday, December 12th. Compass Point reduced their price target on U.S. Bancorp to $43.00 in a report on Thursday, October 20th. Finally, JPMorgan Chase & Co. boosted their price target on U.S. Bancorp from $46.00 to $47.00 in a report on Wednesday, November 2nd.

U.S. Bancorp Stock Down 0.5 %

Shares of NYSE USB opened at $47.33 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.76 and a current ratio of 0.77. U.S. Bancorp has a 52 week low of $38.39 and a 52 week high of $63.55. The stock has a market capitalization of $70.32 billion, a P/E ratio of 11.24, a PEG ratio of 1.48 and a beta of 0.96. The stock’s fifty day moving average is $44.13 and its 200 day moving average is $44.69.

U.S. Bancorp (NYSE:USB – Get Rating) last issued its quarterly earnings results on Friday, October 14th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.01. U.S. Bancorp had a return on equity of 15.25% and a net margin of 26.01%. The company had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.20 billion. During the same quarter last year, the business earned $1.30 earnings per share. U.S. Bancorp’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts forecast that U.S. Bancorp will post 4.35 earnings per share for the current fiscal year.

U.S. Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.06%. The ex-dividend date is Thursday, December 29th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 45.61%.

Insider Activity

In other news, CEO Andrew Cecere sold 84,948 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $43.51, for a total transaction of $3,696,087.48. Following the completion of the sale, the chief executive officer now owns 956,742 shares in the company, valued at $41,627,844.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Terrance R. Dolan sold 12,000 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $43.14, for a total transaction of $517,680.00. Following the completion of the sale, the chief financial officer now owns 153,051 shares in the company, valued at $6,602,620.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew Cecere sold 84,948 shares of the company’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $43.51, for a total value of $3,696,087.48. Following the sale, the chief executive officer now owns 956,742 shares of the company’s stock, valued at approximately $41,627,844.42. The disclosure for this sale can be found here. Insiders sold a total of 139,249 shares of company stock worth $6,064,745 over the last quarter. 0.23% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On U.S. Bancorp

Several institutional investors have recently bought and sold shares of the stock. BCK Partners Inc. bought a new position in U.S. Bancorp in the 1st quarter valued at $2,514,000. Acadian Asset Management LLC grew its stake in U.S. Bancorp by 3.0% in the 1st quarter. Acadian Asset Management LLC now owns 9,397 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 276 shares during the period. Vontobel Holding Ltd. grew its stake in U.S. Bancorp by 20.8% in the 1st quarter. Vontobel Holding Ltd. now owns 21,314 shares of the financial services provider’s stock valued at $1,176,000 after purchasing an additional 3,663 shares during the period. Prudential PLC bought a new position in U.S. Bancorp in the 1st quarter valued at $1,731,000. Finally, Candriam Luxembourg S.C.A. grew its stake in U.S. Bancorp by 5.9% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 86,048 shares of the financial services provider’s stock valued at $4,573,000 after purchasing an additional 4,827 shares during the period. Institutional investors own 71.83% of the company’s stock.

U.S. Bancorp Company Profile

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U.S. Bancorp operates as a bank holding company, which offers financial services including lending and depository services, cash management, foreign exchange and trust and investment management. The firm also offers mortgage, refinance, auto, boat and RV loans, credit lines, credit card services, merchant, bank, checking and savings accounts, debit cards, online and mobile banking, ATM processing, mortgage banking, insurance, brokerage and leasing services.